ID Africa Acquires TheNETng

ID Africa, a leading Nigerian digital agency, has acquired NET
Newspaper Limited (NNL), seizing the opportunity to expand its frontiers in the
media and marketing communications industry. The acquisition will see ID Africa
take up controlling shares and oversee the management of properties such as
TheNETng, NECLive, 234Star, Neusroom, Orin, NETshop and other NET News
properties.

With an average year-on-year revenue growth of 40%, Info Digital
Africa (ID Africa), a Creative Communications and Digital Marketing company
founded in 2015 is one of the fastest growing digital marketing, media and
communications companies in Nigeria.

Over the years, the digital agency has built a commendable track
record which includes executing over 150 successful marketing campaigns,
contributing to the growth of various international brands, as well as creating
over 20,000 hours of video content, which have amassed over 15 million views
across digital platforms.

Upon conclusion of this business combination process, ID Africa
will become a formidable 360 marketing communications and media company using
technology and creative content to connect brands and individuals with their
target audiences.

Under its new
operation, ID Africa will look to deliver technology solutions, consumer products,
marketing communications services, as well as media and publishing services
through its news, entertainment and lifestyle content platforms.

ID Africa, a leading Nigerian digital agency is acquiring NET
Newspaper Limited (NNL), seizing the opportunity to expand its frontiers in the
media and marketing communications industry. The acquisition will see ID Africa
take up controlling shares and oversee the management of properties such as
TheNETng, NECLive, 234Star, Neusroom, Orin, NETshop and other NET News
properties.

With an average year-on-year revenue growth of 40%, Info Digital
Africa (ID Africa), a Creative Communications and Digital Marketing company
founded in 2015 is one of the fastest growing digital marketing, media and
communications companies in Nigeria.

Over the years, the digital agency has built a commendable track
record which includes executing over 150 successful marketing campaigns,
contributing to the growth of various international brands, as well as creating
over 20,000 hours of video content, which have amassed over 15 million views
across digital platforms.

Upon conclusion of this business combination process, ID Africa
will become a formidable 360 marketing communications and media company using
technology and creative content to connect brands and individuals with their
target audiences.

Under its new operation, ID Africa will look to deliver technology solutions, consumer products, marketing communications services, as well as media and publishing services through its news, entertainment and lifestyle content platforms.